Former Sonic Redevelopment - Carrollton, KY

Retail-Commercial for Sale
Catylist Listing ID: 30654687
Property Subtypes: Restaurant
Building Size (RSF): 1,608 SF
Gross Building Area: See Agent
Sale Price: $425,000
Unit Price: $264.30 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/30/2020

Overview / Comments

We are are pleased to present this excellent redevelopment opportunity. This +/- 1,608 sf former Sonic Drive-in restaurant on +/-0.78 in Rent-a-Center anchored Park Square Shopping Center. Features pylon signage and a drive-thru. Traffic Counts on nearby State Hwy 277 are 12,270 VPD. Nearby retailers include: Walmart, Save-a-lot, Kroger, Dollar General, Autozone and Subway.

Highlights:
+/-0.78 Acres in Rent-a-Center anchored Park Square Shopping Center
+/-1,608 sf former Sonic Drive-in Restaurant
Features pylon signage and a drive-thru
Traffic Counts on nearby State Hwy 277: 12,270 VPD

Additional Details

Nearest MSA: Lexington-Fayette
County: Carroll
Zoning: COMMERCIAL
Retail Clientele: General, Family, Traveler
Property Visibility: Excellent
Tenancy: Single Tenant
Property Condition: Good

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,231 8,087
Median Age: 37 37.18
Households: 2,710 3,047
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